Founded in 2013, DevicePilot monitors and manages millions of connected products over their life cycle, from pilot stage to deployment.

It provides information on what devices are deployed in the field, who has them, where they are and what software they are running, as well as how many are actually working and if they have problems.

The finance follows a £250,000 investment round in 2014 and will allow the company to focus on the delivery of its service for IoT device management to big and small business customers.

Pilgrim Beart, DevicePilot CEO, commented: “Since starting the company we’ve delivered IoT technology with some great partners such as ARM and played a leading role in the development of new IoT standards.”

“But as we engaged with more and more connected-product companies across many different verticals it became clear to us that they all suffer from the same problem as they scale – managing their devices.”